Danske Bank A S Takes $74.47 Million Position in Capital One Financial Corporation $COF

Danske Bank A S acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 350,321 shares of the financial services provider’s stock, valued at approximately $74,471,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Kozak & Associates Inc. grew its holdings in Capital One Financial by 4.4% during the 3rd quarter. Kozak & Associates Inc. now owns 2,833 shares of the financial services provider’s stock worth $569,000 after acquiring an additional 119 shares in the last quarter. San Luis Wealth Advisors LLC purchased a new position in Capital One Financial during the 3rd quarter valued at about $273,000. Integrated Investment Consultants LLC raised its holdings in shares of Capital One Financial by 8.6% in the 3rd quarter. Integrated Investment Consultants LLC now owns 4,146 shares of the financial services provider’s stock valued at $881,000 after purchasing an additional 330 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of Capital One Financial by 192.1% in the 3rd quarter. Hancock Whitney Corp now owns 88,291 shares of the financial services provider’s stock worth $18,769,000 after purchasing an additional 58,068 shares during the period. Finally, Peloton Wealth Strategists lifted its position in shares of Capital One Financial by 2.7% in the 3rd quarter. Peloton Wealth Strategists now owns 12,315 shares of the financial services provider’s stock worth $2,618,000 after purchasing an additional 325 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Neal Blinde sold 38,135 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the completion of the transaction, the insider owned 33,551 shares in the company, valued at $6,391,801.01. This trade represents a 53.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the sale, the general counsel directly owned 92,486 shares of the company’s stock, valued at approximately $23,121,500. This represents a 2.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on COF. The Goldman Sachs Group reissued a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a report on Tuesday, January 6th. Truist Financial lowered their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Monday, January 26th. Evercore dropped their target price on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 27th. Wells Fargo & Company lifted their price target on Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Finally, TD Cowen reissued a “buy” rating on shares of Capital One Financial in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.95.

Capital One Financial Price Performance

Shares of COF stock opened at $183.36 on Wednesday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $114.04 billion, a price-to-earnings ratio of 61.95, a PEG ratio of 0.54 and a beta of 1.14. The stock’s 50-day simple moving average is $212.72 and its 200-day simple moving average is $220.19.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The company had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The firm’s revenue for the quarter was up 53.3% on a year-over-year basis. During the same quarter last year, the business earned $2.67 earnings per share. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s payout ratio is presently 108.11%.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.